Fast Fact
The main reason why equipment leasing continues to grow is that leasing meets the needs of so many types and sizes of companies.
News
Kinetic Leasing Announces 2007 Milestones
01/07/2008
Kinetic Leasing is pleased to report its eighth consecutive year of growth with a serviced lease portfolio of $140 million at YE 2007 as compared to $120 million at YE 2006. This milestone was the direct result of originating $59 million in new lease volume for the year as compared to $45 million in 2006.
Contributing to our success was the addition of a number of new bank partners utilizing Kinetic’s Bank Lease Program. Currently, Kinetic Leasing has 118 bank partners that have funded a lease in its loan portfolio. Kinetic Leasing would like to thank each of its bank partners for their efforts in helping to achieve the 2007 results. Kinetic looks forward to working with each bank partner in 2008 and to furthering this positive relationship.
An additional milestone in 2007 includes the opening of Kinetic’s newest sales office in Winona, MN, thereby expanding our services in the Minnesota, Wisconsin and Iowa markets. Doug Schommer and Jeremey Kendall have been named Account Executives in charge of managing our newest location. With this new expansion, Kinetic Leasing now has three office locations with its corporate office based in Fargo, ND and its Sioux Falls, SD sales office.
Kinetic Leasing is proud of achieving eight consecutive years of growth and would like to thank all of its bank partners and customers for their continued utilization of Kinetic's products and services. Looking ahead into 2008, Kinetic is excited about its prospects and looks to accomplish further milestones in the upcoming year.